76 AL-SALĀM REIT SUSTAINABLE TRUST FUND ANNUAL REPORT 2023 The REIT actively oversees the assessment procedures for suppliers, contractors and service providers. Screening criteria encompass elements such as pricing, punctuality, quality of service, after sales service and complaints received. Performance evaluations are conducted semi-annually, with stakeholders being ranked on a scale from one (1) to four (4) according to specific criteria. In cases of subpar performance, stakeholders receive reminders via letters or emails to encourage improvement. Our Performance I. Proportion of spending on local suppliers Al-Salām REIT retained 100% local suppliers for three consecutive years, demonstrating our steadfast support for local businesses within our supply chain. II. Supplier assessment In FY2023, Al-Salām REIT initiated assessments on both new and existing suppliers based on environmental criteria, screening 33% of new suppliers and 46% of total suppliers for their environmental impacts. List of environmental criteria: Source: Business Development Al Salam REIT 2021 2022 2023 Total amount spent on all suppliers (RM) 20,317,617 24,432,874 29,632,609 Percentage of local suppliers 100% 100% 100% Complete Assessment Unable to Assess 67% 33% 54% 46% Complete Assessment Unable to Assess % of new suppliers that were assessed using environmental criteria % of suppliers that were assessed using environmental impacts • Compliance with Environmental Regulation • Natural Hazards • Green Products/Packaging • Energy and Water • Air Emissions • Climate Change • Biodiversity
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